Caterpillar has trimmed corporate travel and other discretionary spending to offset a tariff hit, but has no plans to raise prices or overhaul supply chains, executives said Wednesday. The company is not currently considering price increases due to tariffs, partly out of the hope that Trump will reach trade deals that remove the levies, executives said.
Recent market surveys have shown a drastic drop in the prices of food items across Nigeria, including garri, tomatoes, potatoes, pepper, and other essential items.
Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group. Freixe, a Frenchman who joined Nestle in 1986, told investors on Friday that his "big focus" will be on sales growth and "market share gains".
With huge data centres set to drive up already outsized energy demand, the tiny city-state of Singapore is looking to Australia's deserts and Malaysia's rainforests for clean power. Demand, meanwhile, is only set to rise, particularly from data centres, which already account for seven percent of Singapore's electricity consumption.
UK's Labour government has vowed to tax private schools in order to boost public education and create thousands of teaching posts, but the policy is causing concern for families already hard-pressed to meet the fees.
Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm.
Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be. Powell's speech comes after three Fed officials said they wanted to see more data before agreeing to a rate cut.
US Federal Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates ahead of next month's rate decision. Powell is unlikely to come out strongly in favor of either move on Friday, said Luzzetti from Deutsche Bank.
A major new study published Thursday on the effectiveness of climate measures such as taxes or subsidies in reducing greenhouse gases has found stand-alone measures fail to make a big difference. "Their conclusion that big impacts require combinations of policies makes absolute sense," he added.
Nigerian businesses expect the naira to weaken between now and December, but to strengthen the following year, according to a Central Bank of Nigeria (CBN) analysis.
Economy
Load more
